1023 Herald St

Redlands, CA 92374

$570,000
Last Sold Price
2
Beds
4
Baths
1,641 Sq. Ft.
$347 / Sq. Ft.
1,641
Sq. Ft.
$347
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/11/20
Closed 12/11/20

Description

Perfect multi-family property for an investor or house hacker looking to maximize their rental potential. Would make the perfect owner occupied property. House hack your way to financial freedom through the power of real estate! This 4-unit property has been completely remodeled with new exterior and interior paint, updated flooring, upgraded kitchens, new appliances, renovated bathrooms, and so much more! Rental income is based on only 3 units. Potential rent for 4th unit is $1,200 per month. Total...Perfect multi-family property for an investor or house hacker looking to maximize their rental potential. Would make the perfect owner occupied property. House hack your way to financial freedom through the power of real estate! This 4-unit property has been completely remodeled with new exterior and interior paint, updated flooring, upgraded kitchens, new appliances, renovated bathrooms, and so much more! Rental income is based on only 3 units. Potential rent for 4th unit is $1,200 per month. Total gross proforma rents per year are $55,299 upon full occupancy. (Approx 6% CAP with factoring in vacancy and 30% expenses.) Motivated seller! Property can go FHA!
  1. Listed by Tyler Hungerford • DRE #02021574 • Brokerage DRE #01927637 • REALTY MASTERS & ASSOCIATES • 951-660-5981

Property Details for 1023 Herald Street

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1641
LISTING CLOSED: 12/11/2020 12:00 AM

Property Details for 1023 Herald Street

StatusClosed
MLS #IV20143935
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1917
Lot Size0.15 AC / 6,521 SF
CountySan Bernardino County
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Location

Listing Courtesy of REALTY MASTERS & ASSOCIATES, Tyler Hungerford, DRE #02021574

Sold By Pacific Avenue Realty, Prashant Sampat, DRE #01916221

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Building Information for 1023 Herald Street

Stories1Residences-Year Built1917Building Size-Lot Size0.15 AC / 6,521 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$3,485 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,840

Property Taxes

$645

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1023 Herald Street

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $40,800
  • Gross Scheduled Income: $40,800
  • Net Operating Income: $36,000
  • Financing: Conventional
Expense Details
  • Operating Expense: $4,800
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $100
  • Trash Expense: $100
  • Water Sewer Expense: $200
  • Total Expenses: $400
Tax / Assessment Info
  • Tax Block: 6
  • Tax Tract Number: 093093
  • Tax Census Tract: 80.02
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Biking, Urban
Property / Structure Info
Interior Features
  • Appliances: Water Heater, Range Hood, Gas Oven
  • Equipment: Gas Or Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999, Rectangular Lot, Front Yard, Lawn
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Privately Maintained
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,275
  • Unit Type Total Rent: $15,399
  • Unit Type Pro Forma: 1275
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,075
  • Unit Type Total Rent: $12,900
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $14,400
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $12,600
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1023 Herald Street

DateEvent & SourcePriceAppreciation
Dec 11, 2020

Sold

CLAW #IV20143935MR

$570,000—
Dec 11, 2020

Sold

CRMLS #IV20143935

$570,000—
Dec 11, 2020

Sold

SDMLS #IV20143935

$570,000—
DateEvent & SourcePrice
12/11/2020

Sold

CLAW #IV20143935MR

$570,000
12/11/2020

Sold

CRMLS #IV20143935

$570,000
12/11/2020

Sold

SDMLS #IV20143935

$570,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1023 Herald Street

Taxable ValueLand$108,243Additions$508,743Total$616,986
Tax Record2025$7,740 ($645 / month)
Home Facts
Total Finished SqFt546 SqFtAbove Grade Finished SqFt546 SqFtStories1Lot Size6,521 SqFtStyleDuplexYear Built1917Year Renovated1945CountySAN BERNARDINOAPN0169-081-09-0000

Schools near 1023 Herald Street

This home is within Redlands Unified School District.
Rating
School
Type
Grades
Distance
Franklin Elementary School
Public - K to 5
Moore Middle School
Public - 6 to 8
Redlands East Valley High School
Public - 9 to 12
The Grove School
Charter - 7 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Moore Middle School
Public6 to 8

Redlands East Valley High School
Public9 to 12

The Grove School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALTY MASTERS & ASSOCIATES, Tyler Hungerford, DRE #02021574

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.